Japan offers its exporters a boost
Article Abstract:
Japan has bolstered the competitive ability of domestic exporters doing business outside of Japan. The Japanese government is transferring export insurance operations from the Ministry of International Trade and Industry to an independent public corporation in 2001. When this becomes reality, Japanese firms will be able to claim on export insurance after accounts are in arrears for three rather than six months. The government also plans to increase the number of tariff-free goods imported by lesser developed nations to Japan.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
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WTO ruling is appealed by US
Article Abstract:
The US government has appealed a World Trade Organization ruling that US foreign sales corporations (FSCs) are illegal subsidies to US enterprises. FSCs act largely as middlemen and allow tax breaks to US-based export firms. The ruling relates to a case brought on by the EU, which based its pleadings on the principle that goods sold as exports should be considered the same way as merchandise sold on the domestic market. Thus, tax breaks allowed by FSCs violate the subsidy rule on prohibited exports.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
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Forfaiting: an alternative financing tool
Article Abstract:
US exporters are beginning to embrace forfaiting as an export financing tool. Forfaiting, which has long been popular in Europe, involves the sale of notes from the importer by the exporter to a forfaiting firm. The non- recourse notes, once bought by the forfaiting firm, cannot be used by the forfaiting firm to collect from the exporter in case the importer defaults, making it attractive to exporters. To reduce the risk, forfaiting firms require the importer to get a guarantee from a bank.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 1998
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